Insider Selling: Enterprise Financial Services Corp (NASDAQ:EFSC) Director Sells 94,815 Shares of Stock

Enterprise Financial Services Corp (NASDAQ:EFSC) Director Richard Sanborn sold 94,815 shares of the stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $53.73, for a total value of $5,094,409.95. Following the completion of the sale, the director now directly owns 139,460 shares of the company’s stock, valued at $7,493,185.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Enterprise Financial Services Stock Up 0.8 %

Shares of NASDAQ EFSC traded up $0.41 during trading on Friday, reaching $53.51. The company had a trading volume of 73,820 shares, compared to its average volume of 143,068. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.29. Enterprise Financial Services Corp has a 12-month low of $32.97 and a 12-month high of $54.88. The stock has a market cap of $2.01 billion, a PE ratio of 11.37 and a beta of 0.99. The business’s 50-day moving average is $40.82 and its 200 day moving average is $40.38.

Enterprise Financial Services (NASDAQ:EFSC) last announced its earnings results on Monday, April 22nd. The bank reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.03). The business had revenue of $149.89 million for the quarter, compared to analysts’ expectations of $156.04 million. Enterprise Financial Services had a net margin of 19.61% and a return on equity of 11.06%. As a group, equities analysts forecast that Enterprise Financial Services Corp will post 4.32 earnings per share for the current fiscal year.

Enterprise Financial Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.27 dividend. This is a positive change from Enterprise Financial Services’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, September 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.02%. Enterprise Financial Services’s dividend payout ratio is 22.27%.

Institutional Trading of Enterprise Financial Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Enterprise Financial Services by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,946,265 shares of the bank’s stock worth $72,985,000 after acquiring an additional 14,588 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Enterprise Financial Services by 5.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,338 shares of the bank’s stock worth $729,000 after buying an additional 853 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Enterprise Financial Services by 8.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,010 shares of the bank’s stock worth $179,000 after acquiring an additional 324 shares in the last quarter. Phocas Financial Corp. raised its position in shares of Enterprise Financial Services by 1.8% in the 4th quarter. Phocas Financial Corp. now owns 228,840 shares of the bank’s stock worth $10,218,000 after acquiring an additional 4,060 shares in the last quarter. Finally, Strs Ohio increased its position in Enterprise Financial Services by 9.5% during the 4th quarter. Strs Ohio now owns 4,600 shares of the bank’s stock valued at $205,000 after buying an additional 400 shares in the last quarter. Institutional investors own 72.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. DA Davidson decreased their price objective on Enterprise Financial Services from $47.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Keefe, Bruyette & Woods cut their target price on Enterprise Financial Services from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, Piper Sandler upped their target price on Enterprise Financial Services from $45.00 to $58.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.67.

About Enterprise Financial Services

Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that offers banking and wealth management services to individuals and corporate customers primarily in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico. It provides checking, savings, money market accounts, and certificates of deposit.